【房地产】1-2月核心15城二手房成交面积同比-3.6%——光大核心城市房地产销售跟踪（2026年2月）（何缅南/韦勇强）

Summary of Key Points Core Viewpoint - The real estate market in key cities is experiencing significant declines in both new and second-hand housing transactions, indicating a challenging environment for the sector in early 2026. New Housing Market - In February 2026, the transaction amount for new homes in the core 30 cities was 110.4 billion yuan, down 37.7% year-on-year and 40.0% month-on-month [4] - From January to February 2026, the cumulative transaction amount for new homes in these cities was 294.6 billion yuan, a decrease of 32.7% year-on-year [4] - The average transaction price for new homes in February was 22,031 yuan per square meter, reflecting a year-on-year increase of 1.9% but a month-on-month decrease of 10.6% [4] - The average transaction price in Beijing, Shanghai, Guangzhou, and Shenzhen varied, with Beijing at 55,217 yuan per square meter (up 1.5% year-on-year) and Shanghai at 75,908 yuan per square meter (down 2.5% year-on-year) [5] Second-Hand Housing Market - In February 2026, the transaction area for second-hand homes in the core 15 cities was 7.57 million square meters, down 24.2% year-on-year and 42.3% month-on-month [6] - The cumulative transaction area for second-hand homes from January to February was 20.67 million square meters, a decrease of 3.6% year-on-year [6] - The average transaction price for second-hand homes in February was 21,186 yuan per square meter, down 12.5% year-on-year [6] - The average transaction prices in major cities showed significant declines, with Beijing at 26,025 yuan per square meter (down 7.7% year-on-year) and Shanghai at 34,110 yuan per square meter (down 12.9% year-on-year) [7]